UK Prime Minister Gordon Brown Says World Is Already In A Depression

Gordon Brown described the global economic downturn as a depression for the first time yesterday during a furious Commons clash with David Cameron.

The Prime Minister’s remark came as he told MPs that countries “should agree as a world on a monetary and fiscal stimulus that will take the world out of depression”.

His use of the D word was not picked up at the time by Mr Cameron, who was using a series of questions to embarrass Mr Brown over his “British jobs for British workers” slogan that has been used by strikers in the foreign labour dispute.

Downing Street officials later moved swiftly to say that he had not intended to refer to the word depression but had slipped up. They suggested that he meant “recession”.

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